Daido Steel Co (JP:5471) has released an update.
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Daido Steel Co., Ltd. reports a slight increase in revenue and a notable rise in operating profit by 15.2% and profit before tax by 14.8% for the quarter ended June 30, 2024, compared to the previous year. Basic earnings per share improved from 30.63 yen to 31.80 yen after a recent 5-for-1 stock split. The company’s financial outlook remains positive, with expectations for increased revenue and profits by the end of the fiscal year.
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